YES! - The Bankster CEO's, focused only on quick profits, are making a killing while ruining the banks themselves.
54%
NO! - The "Too Big to Fail" banks will not be allowed to collapse.
46%
Comments
Thom's Blog Is On the Move
By webmaster
Hello All
Thom's blog in this space and moving to a new home.
Please follow us across to hartmannreport.com - this will be the only place going forward to read Thom's blog posts and articles.
Images of Thom
Thom & Louise at a "private audience" with His Holiness Pope John Paul II at his summer palace, Castle Gandolfo, Italy
From Screwed:
"The powers that be are running roughshod over the powers that OUGHT to be. Hartmann tells us what went wrong — and what you and I can do to help set American right again."
From Unequal Protection, 2nd Edition:
"Beneath the success and rise of American enterprise is an untold history that is antithetical to every value Americans hold dear. This is a seminal work, a godsend really, a clear message to every citizen about the need to reform our country, laws, and companies."
From Screwed:
"Hartmann speaks with the straight talking clarity and brilliance of a modern day Tom Paine as he exposes the intentional and systematic destruction of America’s middle class by an alliance of political con artists and outlines a program to restore it. This is Hartmann at his best. Essential reading for those interested in restoring the institution that made America the envy of the world."
The big banks will collapse eventually leaving just one of them standing. I have no inside knowledge just an educated guess. Like a big merger, only it affects everyone's life (think empire, monarchy, monopoly, oligarchy, it doesn't matter what its called). The trick is in controlling dissent. If they can control dissent then they can steer us wherever they wish, which more than likely is more consolidation of power.
The majority of people will get sick of bailing out banksters eventually. The banksters know this too, and probably have plans A, B, C, D to try and hold onto their power. The real question is what plans do you have to take your own power back?
That's the whole crux of this issue. The "too big to fail" means just that. When they are allowed to become this big, they cannot be allowed to go down and take the world's economy along with them, so countries bail them out, over and over. They knew this and it is one of the reasons they created these monolithic banks. It is also why Glass-Steagall was created in the first place and had it still been in force we may not have been in this global economic meltdown. It's like the governments of the world have sold the people into slavery to these crijminals.
Evidence of more pre-programmed/auto-pilot trading.
Moody's waited until after markets closed on Thursday before announcing the downgrades so as not to encourage any mid-day knee-jerk reactions. Which was thoughtful considering the markets were already having a down day based on Fed announcements of the previous day.
What's interesting is that after having overnight to digest the double down-grades there were enough investors to collectively collude (by virtue to the trades they effected on Friday) in trade traffic to give the impression that credit ratings don't matter - or
Friday's trades were decided and set in motion ahead of time and no events, real or imaginary, were going to change those plans.
So who can check to see if the portfolios of those sycophantile committee members happened to have done especially well as a result of Friday's trades?